As the dynamic digital economy drives rising demand for the faster shipment of goods, the port and maritime industry should tap on new opportunities offered up by the logistics and e-commerce sectors, said a committee set up to help chart Singapore’s future as an international maritime hub.
Strengthening linkages with related industries was one of five proposed strategies in the International Maritime Centre (IMC) 2030 Strategic Review, which seeks to develop new growth strategies for the maritime industry amid changing global trends and increasing competition.
The report recommended that Singapore look for new ways to explore cross-sector growth opportunities. For example, the rise of e-commerce logistics has created new opportunities for partnerships, such as carrier-to-marketplace alliances.